Australia's largest stock trading and investment forum Australia's #1 stock forum

CE1

Click for more information

16.7%

0.7¢ calima energy limited

Have reached out

First 209 Last

Share
Profile

Follow
Access2020

1,799 Posts.

1907

13/12/23

17:17

Post #: 71431798
Share

Originally posted by BerserkWarrior: ↑

I agree these assets have a natural home in a Canadian/US domiciled producer & have a valuation at multiples of what the market ascribes here on the ASX. Here, as it stands Calima arguably is a cash-cow for management through the remuneration structure they've built for themselves & if that wasn't enough the additional related party transactions for Freeman in particular gall me (tell me again why a Finance Director needs to farm out Calima's financials to his own financial service company?). They're the only beneficiaries. There's a way forward....I'd like to revisit removing & replacing the Australian based directors, run the Australian domiciled office on a very lean budget (all the production expertise is based in Canada....the spin expertise is based in Perth) & move to have the assets realized as soon as WTI is again above US$100 & ALL the proceeds distributed to shareholders including the value in accumulated losses and the corporate shell that should come back to shareholders too. The Directors won't do this but we can. A 249d gets things started and at least puts the Australian Directors on notice that things will change.
Reach out to me at BerserkMental at "X".

Expand

Have reached out

CE1 Price at posting: 7.3¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

ASX Market Update:

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

SRX

Worker dies at Sierra Rutile mine

There are more pages in this discussion • 56 more messages in this thread...

First 209 Last

Add CE1 (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change 0.001(16.7%)		Mkt cap ! $3.801M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$153.9K	21.99M

Buyers (Bids)

No.	Vol.	Price($)
11	10821900	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	3373516	14

View Market Depth

No.	Vol.	Price($)
11	10821900	0.007
5	9168617	0.006
14	16262000	0.005
13	5820250	0.004
5	5766000	0.003

Price($)	Vol.	No.
0.008	3373516	14
0.009	2161050	8
0.010	2925664	5
0.011	142857	1
0.015	120000	1

Last trade - 10.03am 19/06/2024 (20 minute delay)

CE1 (ASX) Chart

SPONSORED BY